LaunchPad - INW
Spokane Regional Networking, Social Media, Professional and Business Development
Tenants, Investors to Take the Reins in 2010 - NAI Global
Written by Peter Setaro:
Commercial real estate markets around the world experienced the full impact of the global economic recession in 2009, according to the 24th annual Global Market Report released today by NAI Global. Rising vacancy rates and declining rental rates were evident in virtually every market sector and geography, with weak demand and a growing supply of sublease space further eroding market fundamentals. For full story, go to
David Dowers
Tenant and Buyer Representation Specialist
509-232-2030
Tags: "real, commercial real estate, estate, lease, office, tenant, tenant representation
Views: 1
Replies to This Discussion
-
Permalink Reply by Fred Houck on -
David- thanks for the tag! 2010 probably won't be any better, as the access to capital is still a long way off from being loosened. Now more than ever investros need someone like you in their corner who specializes in finding the right location and negotiating leases. Are you seeing leases shorten up and take on laddering structures more now?
-
-
Permalink Reply by David Dowers on -
Thanks, Fred! Yes, there is a bit more caution on leases, so most are 3 year terms. Those who are solid, stable, and holding their own right now are in a good position, so we're seeing some early lease renewals with favorable terms for the tenant. I agree about 2010 for investors. If an investor has cash, he's in a great situation right now with cap rates higher than a couple of years ago. If he's relying on financing, the pickin's are slim!
-
Getting Started with LaunchPad
I am a...
Business Owner / Entrepreneur
Business Professional
College Student
Job Seeker© 2013 Created by Bill Kalivas.
